Comments for The Great Recession Bloghttp://thegreatrecession.info/blog
Economic predictions, news, insights & humor for the Great Recession. It's been a great recession ... for a few.Sun, 18 Mar 2018 04:26:21 +0000hourly1https://wordpress.org/?v=4.9.4Comment on Larry Kudlow is Still an Idiot by David Haggithhttp://thegreatrecession.info/blog/larry-kudlow-is-an-idiot/#comment-105902
Sun, 18 Mar 2018 04:26:21 +0000http://thegreatrecession.info/blog/?p=20691#comment-105902Comments are now open. Not sure why they were closed when the article was posted.

–David

]]>Comment on Stock Market’s Massive Moves Not Seen Since Great Recession: Many who didn’t see the bubble bursting have fallen by JohnFhttp://thegreatrecession.info/blog/stock-market-breaks-records/#comment-105892
Wed, 14 Feb 2018 01:11:00 +0000http://thegreatrecession.info/blog/?p=83202#comment-105892Seems Like The Floodgates of Information Have Been Opened.!!!!!

“The PPT is the Only Thing Stopping an Outright Crash

Now that massive market rig is over. And anyone who continues to invest
as though it’s 2017 is going to get annihilated in the coming weeks. The
only thing that stop an all out crash in stocks was clear and obvious intervention in the markets by Central Banks.”

]]>Comment on Stock Market’s Massive Moves Not Seen Since Great Recession: Many who didn’t see the bubble bursting have fallen by JohnFhttp://thegreatrecession.info/blog/stock-market-breaks-records/#comment-105882
Wed, 14 Feb 2018 00:46:00 +0000http://thegreatrecession.info/blog/?p=83202#comment-105882Three new recently published scientific papers seem to confirm what many
have claimed for years: the “efficient markets” are not only
inefficient – from an informational standpoint – they are also badly
rigged.

Of the three papers, the Economist reports,
one argues that well-connected insiders profited even from the
financial crisis, while the other two go so far as suggesting the entire
share-trading system is rigged

]]>Comment on Stock Market’s Massive Moves Not Seen Since Great Recession: Many who didn’t see the bubble bursting have fallen by vox kadavergehorsamkeithttp://thegreatrecession.info/blog/stock-market-breaks-records/#comment-105872
Tue, 13 Feb 2018 21:53:00 +0000http://thegreatrecession.info/blog/?p=83202#comment-105872You then may enjoy this quote from Thomas Edison on the subject:

“”If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good, makes the bill good also. The difference between the bond and the bill is that the bond lets the money brokers collect twice the amount of the bond and an additional 20 percent, whereas the currency pays nobody but those who contribute directly … in some useful way…
“It is absurd to say that our country can issue $30 million in bonds and not $30 million in currency. Both are promises to pay, but one fattens the usurers and the other helps the people.”

The first governor of the Bank of Canada (its central bank) under questioning by a parliamentary committee on banking in 1939 gave surprisingly honest answers to some pointed question:

“Q. But there is no question about it that banks create the medium of exchange?
Mr. Towers: That is right. That is what they are for… That is the Banking business, just in the same way that a steel plant makes steel. (p. 287)”
“Q. Will you tell me why a government with power to create money, should give that power away to a private monopoly, and then borrow that which parliament can create itself, back at interest, to the point of national bankruptcy?
Mr. Towers: If parliament wants to change the form of operating the banking system, then certainly that is within the power of parliament. (p. 394)”
“Q. And where you have an abundance of men and materials, you have no difficulty, under our present banking system, in putting forth the medium of exchange that is necessary to put the men and materials to work in defence of the realm?
Mr. Towers: That is right. (p. 649)
Q. Would you admit that anything physically possible and desirable, can be made financially possible?
Mr. Towers: Certainly. (p. 771)”

]]>Comment on Stock Market’s Massive Moves Not Seen Since Great Recession: Many who didn’t see the bubble bursting have fallen by vox kadavergehorsamkeithttp://thegreatrecession.info/blog/stock-market-breaks-records/#comment-105862
Tue, 13 Feb 2018 21:31:00 +0000http://thegreatrecession.info/blog/?p=83202#comment-105862Ted Butler is a crackpot. And those who believe anything he has to say have no experience in the paper market. It would be mathematically impossible to have been net short silver through the 9 successive contract months during which silver rose from around $8 to a tad over $49. You just cannot bet on the losing side and still win your bet.

If you want to know the truth of how JPM operates in the silver market, read Keith Weiner’s response to Butler’s article “Thoughtful Disagreement”https://monetary-metals.com/thoughtful-disagreement-with-ted-butler/
He utterly annihilates Butler’s position. Butler, of course, never so much as acknowledged Weiner’s work, though he had called for others to disagree with him. Indeed, he never acknowledged anyone who disagreed with him, precisely as i predicted would happen when Butler’s piece first appeared.